Retail premises to let in Queen Street, Newcastle Upon Tyne NE1

Key Points

Description

The subject property provides a self-contained retail unit offering a spacious retail sales area at ground floor level with kitchen, office and WC facilities at basement level. The overall building comprises a Grade II listed traditional mixed-use property of masonry construction with a sandstone façade arranged over five floors. The upper floors are predominantly used as residential accommodation. The retail unit also benefits from a prominent glazed frontage allowing good levels of natural light to enter internally.

Location

Newcastle upon Tyne is located in the North East of England and has an urban area population of some 190,000 persons. Newcastle is principally accessed via the A1, A19 and A69. Newcastle Airport, 7 miles North West of the City Centre, provides international and domestic services. Sunderland is located 14 miles to the South East, South Shields 14 miles to the east and Carlisle 58 miles to the west.

The property is located beneath the Tyne Bridge in the ever-popular Quayside area of the city on Queen Street at the junction Lombard Street and Dean Street. The property is in close proximity to Manors Metro Station and approximately a 10-minute walk to Newcastle Central Station. Additionally, the Quaylink bus route provides a regular service between the city centre and the East of the city. Commercial opportunities situated on the Quayside are currently in high demand and even more so now with the plans that Sage has to deliver a 12,500 capacity international arena, exhibition and conference centre which is estimated to attract circa 1 Million annual visitors to events accompanied with creating 2,000 new jobs in the area. The proposed development is on the Gateshead side of The River Tyne only a short walking distance from the subject property.

Occupiers in the immediate vicinity include Hard Rock Café, Aveika, Bridge Tavern, Kai Kai, Dobson & Parnell and Babucho along with numerous other national and regional operators.

Terms

The property is available by way of an effective Full Repairing and Insuring Lease for a term of years to be agreed at an asking rent of £16,000 (Sixteen Thousand Pounds) per annum exclusive of VAT, subject to contract.